NetworkNewsBreaks – MGT Capital Investments, Inc. (MGTI) Combats Hacking with Jedi Team

Now that John McAfee, Nolan Bushnell and others have teamed up with MGT Capital Investments, Inc. (OTC: MGTI), the sort of hacking that recently plagued Yahoo!, LinkedIn, and the Democratic National Committee just got a little harder for criminals and state actors alike. The McAfee appellation has become a brand name since John McAfee – now the CEO of MGT Capital – launched the first commercial anti-virus in 1987. Bushnell’s name is similarly well known. The current director of MGT previously founded the video game developer Atari in the early 1970s, which resulted in classic games like Pac-Man and Asteroids. Bushnell also set up Chuck E. Cheese’s Pizza Time Theatre, now known simply as Chuck E. Cheese’s, so he knows a thing or two about nurturing a startup to maturity. FBI data show that the installation of ransomware is one major objective of hackers. Cyber-criminals collected $209 million in the first three months of 2016 by extorting businesses and institutions to unlock computer servers. At that rate, ransomware is on pace to be a $1 billion a year crime this year.

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About MGT Capital Investments, Inc.

MGT Capital Investments, Inc. (OTC: MGTI) is in the process of acquiring a diverse portfolio of cyber security technologies, as well as ramping up its Bitcoin mining operations in the state of Washington. With cyber security industry pioneer John McAfee at its helm, MGT Capital is positioned to address various cyber threats through advanced protection technologies for mobile and personal tech devices, including tablets and smartphones. The Company is currently in the process of acquiring D–Vasive, a provider of leading edge anti–spy software, and Demonsaw, a provider of a secure and anonymous file sharing software platform. MGT Capital intends to change its corporate name to “John McAfee Global Technologies, Inc.,” and has asserted its right to do by seeking a Declaratory Judgment in U.S. Federal Court, Southern District, NY.

About NetworkNewsBreak

NetworkNewsBreak (NNB) provides a rapid summary of corporate news that caught the attention of NetworkNewsWire (NNW). NNB keeps you up-to-date on active US Public Companies complementary to NNW’s broader scope as a provider of news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of journalists and writers, NNW is uniquely positioned to best serve private and public companies who need to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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